Xyratex Stock Hits New 52-Week High (XRTX) - TheStreet

NEW YORK (

TheStreet

) --

Xyratex

(Nasdaq:

XRTX

) hit a new 52-week high Thursday as it is currently trading at $17.53, above its previous 52-week high of $17.52 with 252,301 shares traded as of 1:19 p.m. ET. Average volume has been 319,200 shares over the past 30 days.

Xyratex has a market cap of $435.3 million and is part of the

technology

sector and

computer hardware

industry. Shares are up 30.8% year to date as of the close of trading on Wednesday.

Xyratex Ltd provides modular enterprise-class data storage subsystems and hard disk drive capital equipment for original equipment manufacturers (OEM), and hard disk drive manufacturers and their component suppliers in North America, Asia, and Europe. The company has a P/E ratio of 18.1, above the average computer hardware industry P/E ratio of 17.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Xyratex as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Xyratex Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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